PNM RES INC

Ticker: TXNM CUSIP: 69349H107 Class: EQTY

ANGELO GORDON & CO., L.P.'s Holding History (CIK: 0000860662)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 45,000 Value ($000) $2,650 Avg Close $57.71 Range $56.50 - $59.12

Q3 2025

Shares 100,697 Value ($000) $5,694 Avg Close $56.75 Range $56.17 - $57.42

Q3 2023

Shares 90,000 Value ($000) $4,015 Avg Close $44.66 Range $42.75 - $45.94

Q2 2023

Shares 240,000 Value ($000) $10,824 Avg Close $47.06 Range $44.35 - $49.08

Q1 2023

Shares 145,709 Value ($000) $7,093 Avg Close $49.07 Range $48.36 - $49.60

Q4 2022

Shares 50,709 Value ($000) $2,474 Avg Close $47.60 Range $45.65 - $49.31

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	45,000	$2,650	$57.71	$56.50 - $59.12
Q3 2025	100,697	$5,694	$56.75	$56.17 - $57.42
Q3 2023	90,000	$4,015	$44.66	$42.75 - $45.94
Q2 2023	240,000	$10,824	$47.06	$44.35 - $49.08
Q1 2023	145,709	$7,093	$49.07	$48.36 - $49.60
Q4 2022	50,709	$2,474	$47.60	$45.65 - $49.31